China’s Tesla Chery Jaguar Land Rover to Join Hands with VeChain

VeChain made an impressive display of its blockchain’s capabilities during the Chery Jaguar Land Rover Tech Fair in Changsu, China. Some of the largest global tech industries, including Microsoft, IBM, Amazon AWS, Accenture, GE, and China Unicom, attended the event. VeChain’s project manager, Tian Xinli, made a great show of what VeChain’s blockchain based solutions for the automotive industry can do.

The platform’s novel
Digital Low Carbon Ecosystem is the IoT and blockchain’s solution to
reduced carbon emissions. The platform, therefore, enables its users
to earn from their efforts to cut down on the emission of green
gases. Consequently, with the current vehicle design trend focusing
on environmentally friendly motoring systems, this solution is bound
to bring on increased interested in the blockchain.

VeChain
Is Increasing Its Strategic Partnerships

The blockchain platform, nonetheless, has been around this block and consequently has impressive partnerships with top vehicle manufacturers such as BMW. The German automobile giant, in particular, worked alongside VeChain to release a digital vehicle passport known as VerifyCar. Its main aim is to help eradicate odometer tampering, which is a prevalent vice in Germany.

Known as one of the most
well thought out blockchain platforms, VEChain has been around since
2015. Its founder, Sunny Lu, was a CIO at Louis Vuitton China. In
addition, the platform has over the years, marketed itself as the
premier product management token.

VeChain’s successes in
this area could, accordingly, eradicate counterfeits, increasing
brand protection and food safety for all benefactors on the product
supply chain. As a result, VeChain has amassed a vast following in
terms of partnerships, which includes patronage from companies such
as H$M, PriceWaterhouseCoopers, Kuehne & Nagel, Bright Food, and
DB Schenker.

Its coin made a switch to
its own blockchain from an ERC-20 token in 2018, and it rebranded to
from plain VeChain VEN to VeChain Thor VET in a transformative event
the team behind it named the VeChain Apotheosis. Its price has
however crashed from highs of $8.46 to lows of $0.004.

The
coin has a result experienced a series of mini bull runs that could
be signifying its slow and steady rise. Additionally, since it has
impressive strategic partnerships, therefore it soon might be the
digital currency to watch. Meanwhile, commentators saw last year’s
slump as an opportunity to build. Taking to twitter, Crypto Briefing
posted what perhaps could be VeChain’s strategy saying:

“While you were
complaining about the price, VeChain saw crypto winter as an
opportunity to Build. From BMW to Bright Food, here are some of the
enterprise applications emerging in the VET ecosystem.” So
impressed was VeChain’s Sunny LU, VeChain‏ that he retweeted this
note adding his own: “The adult world is different.”